Business
Leafbuyer Technologies, Inc. Announces Results: Continued Strong Sales with a 33% increase in Quarterly Revenue
Leafbuyer Technologies, Inc. Announces Results: Continued Strong Sales with a 33% increase in Quarterly Revenue.
About this update from Leafbuyer Technologies, Inc.
[{"type":"text","content":"Financial Highlights:Revenue rose to $1,128,665 from $851,693 in the current quarter, compared to a year agoGross Profit increased to $476,145 from $221,157 in the same periodOperating Expenses decreased from $809,639 to $635,136Revenue Increased 33% while Selling Expenses decreased 30%, based on expanding marginsGross Profit Increased 115% year to yearDENVER, CO / ACCESSWIRE / November 15, 2022 / Leafbuyer Technologies, Inc. (OTCQB:LBUY) ("Leafbuyer" or "the Company") a leading cannabis technology and marketing platform, announced today that quarterly revenue rose 32.5% year over year in the quarter ending September 30th 2022. The increase reflects the GAAP revenue booked in the quarter versus the same quarter of the previous year.Kurt Rossner, Chief Executive Officer of Leafbuyer, stated, "We saw nice growth in the quarter, but we think the biggest highlight was the increased demand for our higher margin products. As the overall cannabis market continues to struggle, we are seeing the best demand in our history. We continue to execute on our plan to expand into new markets throughout the country and have been encouraged by the continued success that we have had in these markets."About Leafbuyer Technologies, Inc.Leafbuyer Technologies is one of the most comprehensive marketing technology providers in the cannabis industry. Hundreds of cannabis businesses use the Leafbuyer texting and loyalty platform and the Custom App solution to engage with current and potential customers. Leafbuyer.com is a robust online resource for cannabis consumers, and the company's partnerships with other websites have created a national network of cannabis deals and information that reaches millions of consumers every month.Learn more at www.tech.leafbuyer.comContact:Leafbuyer Technologies, Inc.Vida Almich [email protected] Statement Regarding Forward-Looking Information Safe Harbor StatementThis press release may contain forward-looking statements which are based on current expectations, forecasts, and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially from those anticipated or expected, including statements related to the amount and timing of expected revenues and any payment of dividends on our common and preferred stock, statem...